1. Germans oppose further bailouts.Forty-one percent of respondents are "seriously concerned" about social unrest and fifty-four percent believe it is "almost futile" to try to save the euro.Though an unscientific poll, given the other sixteen euro countries seem to be looking to Germany, the results are certainly understandable.2.The EU softens qualifications for Spain's most recent bailout.The deadline for Spain to improve its deficit was extended by one year to 2014 after a deal was struck to provide €100 billion to the country's banks.Kick of the can" number 4,312.In other news, Moody's downgraded Italy by two notches to Baa2.

For those of you old enough to recall this line from SNL (nearly thirty years old, I'm afraid), the first sentence in the linked article will likely bring a chuckle: "France is ready to cede sovereignty to its European partners…" Though the country is not in any real fiscal trouble, European Affairs Minister Bernard Cazeneuve felt confident enough to make this statement implying France is ready to report to a council of some sort, run by all 17 members of the euro zone.

Understanding why and how banks arrive at their answers will greatly improve a company's chances of success when seeking a loan. Despite how attractive a borrower or transaction is, external macro and internal micro considerations can, and do, have an impact on bankers' decisions.

1. UK lawmakers set up inquiry on LIBOR issue. Early next week, a showdown between a Bank of England and a Barclays official will ensue.The question on hand is: Did the Bank of England encourage Barclays to submit artificially low rates in the LIBOR rate-setting process? Recall during the height of the crisis how worried everyone was about the banking industry? This does not seem so implausible.

If you have a floating rate loan, you probably think that your interest accrual will rise "when rates go up" and fall "when rates go down." This would be true if all rates moved together, but the ongoing "LIBOR scandal" as it's being called demonstrates otherwise.